Herman Cain: Rocket Fuel for America

Cain is the only candidate putting concrete and simple ideas on the table for getting this nation back on track.

The Wall Street Journal’s Stephen Moore said Cain’s 9-9-9 plan for simplifying our horrendous and highly politicized tax code would be “…rocket fuel for the economy.”

Cain’s support for getting rid of the confiscatory Social Security payroll tax and replacing it with personally owned private retirement accounts would be a boon to all Americans, but particularly for low income Americans.

Personal retirement accounts would provide an unprecedented opportunity for every American to build wealth over a lifetime, as was done in Chile, where this reform was pioneered.

After adopting personal retirement accounts, along with other free market reforms thirty years ago, Chile was transformed from one of the world’s most sluggish to one of the world’s fastest growing economies. Returns on these personal retirement accounts have averaged over 9 percent per year since the program started in 1981.

America needs a new president who loves freedom and has the guts to pursue it without compromise.

Freedom is not about warmed over conventional wisdom. It’s about ideals, humility, originality, and embracing the unexpected and unanticipated.

The Republican Party establishment needs to start listening to grassroots Americans and asking why no one is exciting them like Herman Cain.

Star Parker is founder and president of CURE, the Center for Urban Renewal and Education, a 501c3 think tank which explores and promotes market based public policy to fight poverty, as well as author of the newly revised Uncle Sam's Plantation: How Big Government Enslaves America's Poor and What We Can do About It.